new oilfield discovery, page-5

Well guys I took a position today on the sellof, which was due based on the stellar rise recently.
The pleasing thing is that the SELLING volume has been very low as opposed to the recent up days, which is good ..means no major problems with the company, rather a few people locking in recent gains

This has now made 4 consecutive lower highs which is rare for this stock so an uptrend is due if wall st doesnt stuff itself tonight and the herd follows.

Still a good long term hold in my opinion being a producer, good exploration prospects, upcoming depot and refinery ... so I hope to hold for a while since Oil will be high for some time to come.

Now looking for 1 more oiler to add ... if nothing suitable turns up I'll buy more STU